Ask the Mortgage Experts

When is an Ex Pat not an Ex Pat?

I have been working in Dubai for 2 years, having lived and worked in England since aged 2, i.e. for 53 years. I was born in Ireland and so have an Irish passport which I never bothered to change. I have no links with Ireland and never visit. I have a main home in the UK which is mortgaged and which I have now let out to tenants. I also have a buy to let property there. I am having difficulty in obtaining a mortgage as the Expat mortgages ask for a UK passport. I have been declined one mortgage on this basis which is frustrating as I have lived in the UK all my life (except for 2 yrs). I cannot get a British passport now as I am residing overseas. I am employed by a UK company and my intention is to return to the UK in the next few years. Can you help at all and suggest who will give me a mortgage? I am looking at re-mortgaging or getting another buy to let.

McCarthy

I'm afraid the answer to the above question is "When you don't hold a UK passport".

However, that doesn't mean that we won't be able to find you a mortgage as there are a handful lenders who will lend to foreign nationals residing overseas to finance an investment property

and I believe you would benefit from speaking to one of our independent mortgage advisers. Please call 0344 346 3672 and tell the consultant the date and title of your question, they will then be able to help you find the right mortgage for your situation.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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